Sugar mills can sell 20 lakh metric tonnes of the sweetener in the open market in September 2018, the Government said.
In a notification issued, the food ministry has allocated sugar quota for sale to each of 524 mills in the country.
The sugar mills who have exported sugar under Minimum Indicative Export Quota (MIEQ), allocated vide Order No. 1(4)/2018-1 dated 09.05.2018, either directly or by way of trading export quota to third parties may also sell/dispatch additional quantity of sugar equivalent to actual export during 2017-18 sugar season till August ,2018 or their MIEQ, whichever is less, excluding the additional quantity of sugar already sold in the month of August 2018 on this account, in addition to the quantity of white/ refined sugar specified for domestic sale/despatch as indicated in
column 4 of the table. Third party under this clause shall be eligible only for the quantity exported by it against its own quota.
In the previous month the Govt. allocated quota to 524 mills in the country to sell 17.50 lakh metric tonnes of the sweetener.
The government had announced creation of 3 million tonnes of buffer stock and stock holding limit on sugar mills in a bid to improve liquidity of cash-starved millers and enabling them to clear cane arrears of around Rs.20,000 crores. Recently, the deadline of MIEQ has also been extended till 31st December 2018.
September month’s quota is likely to bring sweetness in the market as it is the month when the entire nation has begun to welcome the festive season.